I hope you’re doing well. I wanted to share a few additional loans we’ve recently funded, some of which fall under our expanded term lending platform that now delivers up to $15 million in financing.

I’d be more than happy to discuss our programs with you further, so please feel free to contact me at any time. 

Fashion Boutique - $10 Million

  • Fund to refinance a high-end retail building plus working capital
  • Extension of amortization to 360 months to reduce monthly payment obligation
  • 10-year fixed interest rate

Manufacturer and Distributor of Shipping Cartons & Supplies - $5,000,000

  • Refinanced existing debt and provided working capital for new orders
  • Additional funds allocated to acquire the 50% interest in its HQ building that it did not own
  • 25-year loan with no early balloons cut monthly payments on existing debt by more than 50%

Electrical Services Contractor - $1,810,000

  • Refinanced high rate equipment leases and extend term to lower payments
  • 10-year term loan included all closing costs to deliver borrower maximum proceeds

Dental Practice - $100,000

  • Working capital to increase advertising and smooth out cash flow
  • Newtek provided a 10-year term loan with no loan covenants

Jon Schmidt
Senior Vice President
Newtek Business Services Corp. (NASDAQ: NEWT)
Office: 212-273-8241 or 561-494-7623
Cell: 917-670-2198